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If I rent out bit mining hardware how many GH do I need?
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Topic: If I rent out bit mining hardware how many GH do I need? (Read 1023 times)
jackx429
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If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 04:57:11 AM
#1
So BFL is offering to let us rent out mining rigs for about 10$ per GH but I'm new and have no idea what that is. How many would I need to make a good profit?
ChuckBuck
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Merit: 783
better everyday ♥
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 05:06:40 AM
#2
That's terrible.
Antminer S1's are about $3.50/GH right now.
Please please stay away from anything Butterfly Labs related.
Take a look at Dogie's guide first:
https://bitcointalk.org/index.php?topic=456691
Make note of the brown shit color grade it got.
Charity
Auction
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donking
Jr. Member
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Activity: 38
Merit: 2
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 05:51:51 AM
#3
This must be trolling.
How many would I need to make a good profit? ...
Lmao.
jackx429
(OP)
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⇾
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 02:13:25 PM
#4
Quote from: ChuckBuck on February 25, 2014, 05:06:40 AM
That's terrible.
Antminer S1's are about $3.50/GH right now.
Please please stay away from anything Butterfly Labs related.
Take a look at Dogie's guide first:
https://bitcointalk.org/index.php?topic=456691
Make note of the brown shit color grade it got.
But what IS a GH? And how many should I get?
ChuckBuck
Hero Member
Offline
Activity: 1372
Merit: 783
better everyday ♥
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 03:03:06 PM
#5
Quote from: jackx429 on February 25, 2014, 02:13:25 PM
Quote from: ChuckBuck on February 25, 2014, 05:06:40 AM
That's terrible.
Antminer S1's are about $3.50/GH right now.
Please please stay away from anything Butterfly Labs related.
Take a look at Dogie's guide first:
https://bitcointalk.org/index.php?topic=456691
Make note of the brown shit color grade it got.
But what IS a GH? And how many should I get?
GH/s = Gigahash per second. More gigahash the merrier. The lower the $ per GH/s the better.
$10/GH is a ripoff plain and simple. You're better buying Bitcoins now and holding, they're affordable in price.
Charity
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Musent
Sr. Member
Offline
Activity: 266
Merit: 250
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 03:40:43 PM
#6
Like others have said, stay away from BFL. Not sure you'd find many people that support BFL.
DubFX
Sr. Member
Offline
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Merit: 250
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 04:32:38 PM
#7
Yeah if you want it for BTC mining then this is better ime to buy btc than mine them if you don't plant minning some other currency as you may.
MegaHustlr
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Vote 4fryn :)
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 04:43:46 PM
#8
Quote from: jackx429 on February 25, 2014, 02:13:25 PM
Quote from: ChuckBuck on February 25, 2014, 05:06:40 AM
That's terrible.
Antminer S1's are about $3.50/GH right now.
Please please stay away from anything Butterfly Labs related.
Take a look at Dogie's guide first:
https://bitcointalk.org/index.php?topic=456691
Make note of the brown shit color grade it got.
But what IS a GH? And how many should I get?
Are you starting a service selling business? Go to the services section and ask for demands of renting!
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Musent
Sr. Member
Offline
Activity: 266
Merit: 250
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 04:46:32 PM
#9
Quote from: jackx429 on February 25, 2014, 02:13:25 PM
Quote from: ChuckBuck on February 25, 2014, 05:06:40 AM
That's terrible.
Antminer S1's are about $3.50/GH right now.
Please please stay away from anything Butterfly Labs related.
Take a look at Dogie's guide first:
https://bitcointalk.org/index.php?topic=456691
Make note of the brown shit color grade it got.
But what IS a GH? And how many should I get?
Buy bitcoins direct, don't mine with cloud mining. Plain and simple.
mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 04:47:13 PM
#10
yall posting in a troll thread
AnnInter
Newbie
Offline
Activity: 30
Merit: 0
Re: If I rent out bit mining hardware how many GH do I need?
February 25, 2014, 08:26:06 PM
#11
is it even make sence to rent mining hardware ?
jackx429
(OP)
Newbie
Offline
Activity: 10
Merit: 0
Re: If I rent out bit mining hardware how many GH do I need?
February 27, 2014, 01:50:48 AM
#12
Quote from: DubFX on February 25, 2014, 04:32:38 PM
Yeah if you want it for BTC mining then this is better ime to buy btc than mine them if you don't plant minning some other currency as you may.
Could I buy them and sell them later as if it were a stock market type thing? Where could I do that
ChuckBuck
Hero Member
Offline
Activity: 1372
Merit: 783
better everyday ♥
Re: If I rent out bit mining hardware how many GH do I need?
February 27, 2014, 03:43:38 AM
#13
Quote from: jackx429 on February 27, 2014, 01:50:48 AM
Quote from: DubFX on February 25, 2014, 04:32:38 PM
Yeah if you want it for BTC mining then this is better ime to buy btc than mine them if you don't plant minning some other currency as you may.
Could I buy them and sell them later as if it were a stock market type thing? Where could I do that
I think that's
https://cex.io/
Not sure the profitability vs renting a miner, but here's their profitability calculator:
https://cex.io/calc
Personally, I wouldn't consider it, but if you want to try it out for a few GH/s I'm sure it wouldn't hurt.
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